Life Insurance - Strong Business Growth For Sector In September; Private-Sector Growth High: Anand Rathi

Life Insurance - Strong Business Growth For The Sector In September; Private-Sector Growth High: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

In September, growth was good for the entire sector (private and Life Insurance Corporation of India).

Private insurers’ growth was resilient as new-business premiums grew 42% YoY. LIC was up 12% YoY.

At end-Sep-21, new business premiums amounted to Rs 310 billion (Rs 254 billion a year prior).

The annual premium equivalent for the private sector grew 36% YoY at end-Sep-21. The APE of LIC, the sole public entity, grew 12% YoY.

At end Sep-21, total APE was Rs 100 billion (Rs 80 billion a year prior).

Click on the attachment to read the full report:

Anand Rathi Insurance Sector Update.pdf
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